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Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs
Business

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs

MSMEs used to be a major customer-base for the crippled financiers, a top official said on Tuesday.

Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term
Business

Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term

DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September

Vijay Mallya case: Rs 963 cr recovered from former liquor baron, says SBI, expects to retrieve more from UK assets
India

Vijay Mallya case: Rs 963 cr recovered from former liquor baron, says SBI, expects to retrieve more from UK assets

State Bank of India, working closely with UK authorities has recovered Rs 963 crores from Vijay Mallya's Indian assets and expect to retrieve more from his properties in UK